Travels: Presidency Spends N34bn on Foreign Exchange in Two Years

Category: Economy |

Nigeria TV Info 

Travels: Presidency Spends N34bn on Foreign Exchange in Two Years

The Presidency has reportedly spent N34 billion on foreign exchange for official travels over the past two years, according to the latest federal expenditure records. The funds were used for international flights, hotel accommodations, visas, logistics, and allowances for high-ranking officials. Critics have raised concerns about the cost, describing it as extravagant, especially given the country’s economic challenges. Government supporters argue that international travel is essential for diplomatic relations, trade negotiations, and global partnerships. Transparency advocates, however, are calling for stricter monitoring of such expenditures to ensure accountability and value for public funds.


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